Traditionally in the 4th quarter there are a number of duplex and 4-plex listings that become available as people try to sell their investment properties prior to the end of the year. With a tightening market the multi-units have now come much more in-line with traditional investment numbers. If you have been wanting to get a multi-unit in prime areas of Long Beach, this may be some of the best opportunity to have in years!
- Belmont Heights - 17 available multi-units under $1,000,000
- Example of inventory Available: Triplex that has been completely remodeled, ~7 Blocks from the beach, has a 3 bedroom/2 bathroom front house and 2 studios. - Current Rent total: $4,045 a month
This would be a great opportunity for someone who wants to owner occupy a neat property and get some rent. There are definitely some wonderful options out there to explore and with rents increasing it will give property owners increased yields over the years.
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